MSTC locked at 5% upper circuit after weak stock market debut

On the NSE, shares of MSTC opened at Rs 115, a 4 per cent discount to the issue price. It touched a high of Rs 120 and a low of Rs 111

Shares of MSTC were locked in the upper circuit of 5 per cent at Rs 117 in intra-day trade on the BSE, after making a weak debut. The stock listed at Rs 111, a 7.5 per cent below its issue price of Rs 120 on the BSE. It has hit intra-day low of Rs 110 so far.

Till 10:11 am, around 31,000 equity shares had changed hands and there were pending buy orders for 13,128 shares on the BSE.

On the National Stock Exchange (NSE), shares of MSTC opened at Rs 115, a 4 per cent discount to the issue price.